Japan’s Honda Motor signed a joint venture deal with Bangladesh’s state-owned steel corporation BSEC on Thursday to assemble motorcycles for the South Asian nation’s booming economy, officials said. The Japanese automobile giant will own 70 percent stake in the company, called Bangladesh Honda Private Limited, with the rest owned by Bangladesh Steel and Engineering Corporation, said BSEC director Mobarak Hossain. The venture will assemble motorcycles at a rented facility from next year with the first year’s production target of 30,000 pieces, he told AFP, adding the parts would be imported from Honda plants in neighbouring nations. “But our plan is to manufacture motorcycle engines and other key parts in Bangladesh in about five years’ time. We’ll move to a permanent factory after two years and then gradually we’ll increase production,” he said. Sales of motorcycles have been booming in Bangladesh with the building of a road network that now connects almost every village and town. Last year 107,927 motorcycles were sold in the country, with a yearly growth of 22 percent, according to the Bangladesh Road Transport Authority, which keeps the data on new vehicle sales.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor